Description (Please provide a detailed description of the event in the box below)

Resignation of Executive Director

Additional Details

Name Of Person

Desmond Teo Bee Chiong

Age

59

Is effective date of cessation known?

Yes

If yes, please provide the date

13/03/2018

Detailed Reason (s) for cessation

Resignation of Director due to the change in control of the Company.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?

No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?

No

Any other relevant information to be provided to shareholders of the listed issuer?

No

Date of Appointment to current position

25/02/2012

Does the AC have a minimum of 3 members (taking into account this cessation)?

No

Number of Independent Directors currently resident in Singapore (taking into account this cessation)

1

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months

7

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Executive Director and NC Member

Role and responsibilities

Responsible for overall management, formulating the Group's strategic directions and expansion plans, developing and maintaining relationships with the customers and suppliers and overseeing our Group's general operations.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries